How Much Can Other Commercial Equipment Merchant Wholesalers Businesses Get in SBA Loans?
1,148 SBA loans totaling $466.7M have been approved for other commercial equipment merchant wholesalers businesses (NAICS 423440). The average approved SBA loan is $407K, which is 19% above avg the $340K national average. 272 active lenders fund this industry with a 19.3% default rate on the matured 2018-2021 loan cohort.
At 19.3%, Other Commercial Equipment Merchant Wholesalers sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 423440 (Other Commercial Equipment Merchant Wholesalers) received 1,148 SBA loans worth $466.7M across 5+ states. Average loan $407K, average term 119 months, 19.3% default rate (resolved-loan basis).272 active SBA-approved lenders fund this industry. Most other commercial equipment merchant wholesalers loans use the SBA 7(a) program. There are approximately 3,695 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Other Commercial Equipment Merchant Wholesalers?+45% growth
Which SBA Program Do Other Commercial Equipment Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Other Commercial Equipment Merchant Wholesalers?
The most widely used SBA program for other commercial equipment merchant wholesalers businesses — flexible terms, multiple use cases
Where Are Other Commercial Equipment Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Other Commercial Equipment Merchant Wholesalers
These banks have funded the most SBA loans for other commercial equipment merchant wholesalers businesses (NAICS 423440). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 78 | $6.1M |
| 2 | Wells Fargo Bank National Association(SD) | 60 | $26.3M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 59 | $9.1M |
| 4 | Citizens Bank, National Association(RI) | 56 | $4.5M |
| 5 | The Huntington National Bank(OH) | 49 | $12.3M |
Other Commercial Equipment Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Other Commercial Equipment Merchant Wholesalers Businesses?
Across all SBA loan programs, 1,148 loans have been approved for businesses classified under NAICS 423440 (Other Commercial Equipment Merchant Wholesalers), representing $466.7M in total capital deployed. The average approved loan of $407K is 19% above avg the national SBA average of $340K, with typical repayment terms of 119 months.
SBA lending for other commercial equipment merchant wholesalers is accelerating — loan volume has grown approximately 45% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2017.
The industry sees a balanced mix of SBA programs, with 12% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching other commercial equipment merchant wholesalers business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Other Commercial Equipment Merchant Wholesalers SBA Loans
What is the average SBA loan size for other commercial equipment merchant wholesalers businesses?
Which SBA loan program is best for a other commercial equipment merchant wholesalers business?
How many lenders fund SBA loans for other commercial equipment merchant wholesalers?
What states have the most SBA lending for other commercial equipment merchant wholesalers?
How does PeerSense help other commercial equipment merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Other Commercial Equipment Merchant Wholesalers defined by NAICS code 423440. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.